OneUnited's new installment-loan product is meant to break customers out of a cycle of debt. It will compete with similar offerings from heavyweights like Wells Fargo, Bank of America and Huntington.
Highlights: Comply Advantage, in partnership with LendIt, released a research whitepaper exploring business hyper-growth and comliance.
The price of Bitcoin is up, but it’s not primarily because of a flood of illicit funds into the digital currency.
American Banker profiles Instant Financial which was founded in 2015; the company aims to shorten the time frame to when employees get paid; using the app employees can unlock portions of their paychecks which can provide an alternative to payday loans; they recently partnered with Sutton Bank in Ohio for their US expansion. Source
Ahead of his presentation at LendIt Europe 2017, Richard Peers, Director of the Financial Services Industry at Microsoft discusses fintech with Verdict; provides his perspective on artificial intelligence, blockchain, cloud computing, challenger banks, why London is a great place for startups, and what firms can learn from the Chinese market. Source
Digital wealth management startup Wealthsimple raised $75mn from the digital investment arm of Germany’s Allianz, Allianz X, along with early...
The CEO of SoFi talks priorities, innovation, company culture, competition and what it will take to build a world class...
Grasshopper, which relaunched a year ago and reported significant growth in 2022, will use MANTL’s completely digital commercial deposit origination process to create a more-favorable customer experience.
Cross-border payments Fintech WorldRemit explains how to send money to friends and family members who do not have a bank account.
Overstock.com plans to launch their new regulated token exchange with its own initial coin offering; launched under Overstock.com's capital markets arm, tØ, the token offering will be the first listed event on the new exchange; CoinDesk reports that Overstock.com CEO Patrick Byrne said the company will be able to raise between $200mn and $500mn easily. Source.